Two more BofA directors exit board - New Mexico Business Weekly:

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Mitchell began her tenure on the BofA boardin 2006. She is a formerr New York television executive and currently servexs as chief executive of the Paley Centefrfor Media, a New York nonprofit. Mitchell, 66, servec on the board’s compensation and benefits committew and and its corporategovernance committee. Ward, 70, is the retired chiefc executiveof Atlanta-based Computer Generatiomn Inc., a software company. She has served as a BofA directotsince 1994. She most recently chaired the board’s asset-quality BofA says in the filing that the resignationsd were not related to any disagreement with the bank or its The resignations continue a recent shake-up at the bank.
Late last four outside directors were electedto BofA’s board. They are formerf Federal Reserve GovernorSusan Bies, former Compass Bancsharesd Inc. chief executive and chairmanh D. Paul Jones, former Federal Deposit Insurance chairman Donald Powell and retiredr BankOne Corp. and Visa Internationap Inc. executive William Boardman. And last the company disclosed that a second BofA board member in less than a week had Robert Tillman, a former Lowe’s Cos. Inc. chief executive, resigned from the BofA boars effectiveMay 29.
A filing late Thursdayy with the SECsaid Tillman’sw resignation was not related to a disagreemen with the bank or its Tillman has been a director since 2005. Durinh his tenure, he served on the asset-quality committee and executive And onMay 29, the bank announcerd former lead independent director O. Temple Sloan had left the BofA didn’t disclose Sloan’s reasonn for resignation. Sloan had been a BofA director for13 BofA’s board has been under intense scrutiny in recent months as the bank sufferedd through a sharp stock-pricew decline after acquiring Merrill Lynch & Co. The Charlotte-based bank (NYSE:BAC) also has received $45 billiom in taxpayer aid.
Also on the bank announced Chief Risk Officer Amy Woods Brinkletywas leaving. BofA said in a presa release that Brinkley will retirthis summer. Thereafter, she will serve on the bank’s charitabler board on a volunteed basis. However, in a separate filing with the SEC, the bank says Brinkley will resignJune 30. The Charlottde Business Journa l was unable to reach spokesmajn Robert Sticklerfor comment. But he told Reuterw “(Chief Executive) Ken Lewis and Amy mutually decided we needed a differeng approach torisk management.” Brinkley will be succeeded by Gregorg Curl, effective June 30. He will be responsibled for identifying credit, market and operationa risks.
At the bank’sa annual meeting in late April, shareholders voted to stripp Lewis of his position asboard chairman. Walter Masseyy was installed as the new chairman and has indicated the board needsd tobe re-evaluated. Lewis remains the bank’d CEO and president. BofA is the largest bank in Albuquerqud and the second largest inNew Mexico.